Monetary policy committees at the Central Bank of West African States (BCEAO) and the Bank of the Central African States (BEAC)

Régis Bokino and Edwin Le Heron

Chapter 15 in The Future of Central Banking, 2022, pp 337-359 from Edward Elgar Publishing

Abstract: Since the mid-2000s, the Central Bank of West African States (BCEAO) and the Bank of the Central African States (BEAC) have equipped themselves with Monetary Policy Committees (MPC) for the franc zone. The matter of the optimal design of an MPC is very important because its structure influences its outcomes and possibly the quality of its decisions. This article analyses, in light of the literature, three aspects of the structure of the BCEAO and BEAC MPCs: size, composition and rules of decision-making. The finding is that both MPCs are large, heterogeneous and take their decisions by consensus without any real transparency.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781839100932/9781839100932.00029.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
Working Paper: Monetary policy committees at the Central Bank of West African States (BCEAO) and the Bank of the Central African States (BEAC) (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:19461_15

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().